Coin Price in Bulgaria - 2023

Contents:

1. Coin Price in Bulgaria (CIF) - 2022
2. Coin Price in Bulgaria (FOB) - 2023
3. Coin Imports in Bulgaria
4. Coin Exports in Bulgaria

Coin Price in Bulgaria (CIF) - 2022

In 2022, the average coin import price amounted to $1,203,248 per ton, picking up by 228% against the previous year. Over the period under review, the import price continues to indicate a temperate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($3,083,511 per ton), while the price for China ($143,811 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+115.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Coin Price in Bulgaria (FOB) - 2023

In August 2023, the average coin export price amounted to $776K per ton, declining by -9.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs at $861K per ton in July 2023, and then dropped in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($862K per ton), while the average price for exports to Belgium ($61,982 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Imports in Bulgaria

After three years of growth, overseas purchases of coins decreased by -92.2% to 2.2 tons in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,256%.

In value terms, coin imports dropped markedly to $2.7M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,241%.

Top Suppliers of Coin to Bulgaria in 2022:

1. Germany (1183.0 kg)
2. Estonia (427.0 kg)
3. Belgium (225.0 kg)
4. New Zealand (160.0 kg)
5. China (127.0 kg)

Coin Exports in Bulgaria

Coin exports from Bulgaria skyrocketed to 55 tons in 2022, jumping by 289% on the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 307% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, coin exports soared to $37M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Coin from Bulgaria in 2022:

1. United States (45.4 tons)
2. Estonia (6.3 tons)
3. Belgium (2.2 tons)
4. Poland (0.5 tons)
5. Austria (0.2 tons)
6. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform